Latin America's Economic Power Conveys Clout

Source: WSJ
By: PAULO PRADA

06.10.2010

South America's Rebound Translates Into Greater Influence at International Monetary Fund, G-20

BRASÍLIA—Latin America's recent transformation to growing economic power from financial basket case has improved the region's ties with the International Monetary Fund and is giving area countries newfound heft in global negotiations over economic and financial reform.

Leading the call for such changes is Dominique Strauss-Kahn, a former French finance minister who is managing director of the IMF. Before central bankers and finance ministers of the Group of 20 leading and developing economies met in Seoul this month, Mr. Strauss-Kahn visited Latin America to push leaders to help him maintain the "global consensus" for financial reform that emerged at the ...

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